COUNTRY •
CANADA
Last Update: 6 Oct 2022 11:15 GMT+0
The Canada 10Y Government Bond has a 3.332% yield.
10 Years vs 2 Years bond spread is -61.2 bp. Yield Curve is inverted in Long-Term vs Short-Term Maturities.
Central Bank Rate is 3.25% (last modification in September 2022).
The Canada credit rating is AAA, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 32.90 and implied probability of default is 0.55%.
If data are not all visible, swipe table left
| Residual Maturity |
Yield | ZC Price | Last Change |
||||||
|---|---|---|---|---|---|---|---|---|---|
| Last | Chg 1M | Chg 6M | Last | Chg 1M | Chg 6M | ||||
| 1 month | 3.152% | +45.2 bp | +276.3 bp | 06 Oct | |||||
| 2 months | 3.318% | +26.8 bp | +274.3 bp | 06 Oct | |||||
| 3 months | 3.676% | +34.6 bp | +295.9 bp | 06 Oct | |||||
| 6 months | 3.830% | +27.0 bp | +246.4 bp | 06 Oct | |||||
| 1 year | 3.995% | +21.5 bp | +199.9 bp | 96.16 | -0.21 % | -1.92 % | 06 Oct | ||
| 2 years | 3.944% | +33.1 bp | +158.9 bp | 92.56 | -0.63 % | -3.03 % | 06 Oct | ||
| 3 years | 3.885% | +31.7 bp | +149.9 bp | 89.20 | -0.91 % | -4.26 % | 06 Oct | ||
| 4 years | 3.799% | +29.6 bp | +133.1 bp | 86.14 | -1.14 % | -5.04 % | 06 Oct | ||
| 5 years | 3.499% | +20.8 bp | +97.6 bp | 84.20 | -1.00 % | -4.63 % | 06 Oct | ||
| 7 years | 3.411% | +20.4 bp | +93.0 bp | 79.07 | -1.37 % | -6.14 % | 06 Oct | ||
| 10 years | 3.332% | +14.3 bp | +80.3 bp | 72.05 | -1.38 % | -7.51 % | 06 Oct | ||
| 20 years | 3.399% | +16.6 bp | +85.5 bp | 51.25 | -3.16 % | -15.30 % | 06 Oct | ||
| 30 years | 3.253% | +9.7 bp | +81.1 bp | 38.28 | -2.77 % | -21.06 % | 06 Oct | ||
Last Update: 6 Oct 2022 11:15 GMT+0
Canada Yield Curve Analysis
Normally, longer-duration interest rates are higher than short-duration. So, the yield curve normally slopes upward as duration increases.
For this reason, the spread (i.e. the yield difference) between a longer and a shorter bond should be positive.
If not, the yield curve can be flat or inverted.
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Spread vs Bond | Spread vs Central Bank Rate (3.25%) |
|||||
|---|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 3.253% | 0.3 bp | ||||||
| 10 years | 3.332% | 8.2 bp | ||||||
| 5 years | 3.499% | 24.9 bp | ||||||
| 2 years | 3.944% | 69.4 bp | ||||||
| 1 year | 3.995% | 74.5 bp | ||||||
| 3 months | 3.676% | 42.6 bp | ||||||
Focusing on 2 years Government Bond:
If data are not all visible, swipe table left
| 2Y vs 1Y | -5.1 bp | Yield Curve is inverted in Short-Term Maturities | ||
| 5Y vs 2Y | -44.5 bp | Yield Curve is inverted in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | -61.2 bp | Yield Curve is inverted in Long-Term vs Short-Term Maturities |
Readings that may interest you
Canada Credit Ratings
A credit rating is an assessment of the creditworthiness of a borrower (in general terms or with respect to a particular debt or financial obligation).
For a deeper analysis of credit ratings, click here
Canada Credit Ratings History
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's |
AAA
|
- |
| Moody's Investors Service |
Aaa
|
- |
| Fitch Ratings |
AA+
|
- |
| DBRS |
AAA
|
- |
Canada Interest Rates
A bank rate is the interest rate at which a nation's central bank lends money to domestic banks, often in the form of very short-term loans.
| Interest Rates | Value | |
|---|---|---|
| Central Bank Rate | 3.25% |
Canada Credit Default Swaps
The term credit default swap (CDS) refers to a financial derivative that allows an investor to swap or offset their credit risk with that of another investor. To swap the risk of default, the lender buys a CDS from another investor who agrees to reimburse the lender in the case the borrower defaults.
If data are not all visible, swipe table left
| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Var % 1Y | Implied PD(*) | |
|---|---|---|---|---|---|---|
| 5 Years CDS | 32.90 | 0.00 % | 0.00 % | -14.55 % | 0.55 % |
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.
Canada 10Y Bond Yield Spread
The Canada 10Y Government Bond has a 3.332% yield. Click on Spread value for the historical serie.
A positive spread, marked by
, means that the 10Y Bond Yield is higher than the corresponding foreign bond. Instead, a negative spread is marked by a green circle.
Click on the values in "Current Spread" column, for the historical series of the spread.
Click on the "Compare" button, for a report with the full comparison between the two countries, with all the available data.
If data are not all visible, swipe table left
| Canada 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 309.2 bp | +14.1 bp | +80.0 bp | Compare | |
| Germany 10Y | 127.8 bp | -29.2 bp | -60.4 bp | Compare | |
| France 10Y | 69.1 bp | -29.2 bp | -65.4 bp | Compare | |
| China 10Y | 58.2 bp | +2.0 bp | +85.3 bp | Compare | |
| Spain 10Y | 10.5 bp | -26.8 bp | -75.1 bp | Compare | |
| United States 10Y | -44.3 bp | -29.0 bp | -37.4 bp | Compare | |
| Australia 10Y | -49.3 bp | +6.1 bp | -8.4 bp | Compare | |
| United Kingdom 10Y | -91.1 bp | -103.1 bp | -170.5 bp | Compare | |
| Italy 10Y | -112.5 bp | -35.1 bp | -135.7 bp | Compare | |
| India 10Y | -412.9 bp | -13.9 bp | +25.9 bp | Compare | |
| Russia 10Y | -642.8 bp | -27.7 bp | +281.3 bp | Compare | |
| Brazil 10Y | -842.4 bp | +41.4 bp | +51.7 bp | Compare |
Canada Government Bonds Prices
Price Simulation: bonds with a face value of 100, with different coupon rates. The highlighted column refers to the zero coupon bond.
Click on
for a forecast of the yield.
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Bond Price - with different Coupon Rates | Fx | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 0% | 1% | 3% | 5% | 7% | 9% | ||||
| 30 years | 3.253% | 38.28 | 57.25 | 95.20 | 133.15 | 171.10 | 209.05 | ||
| 20 years | 3.399% | 51.25 | 65.59 | 94.28 | 122.96 | 151.65 | 180.34 | ||
| 10 years | 3.332% | 72.05 | 80.44 | 97.22 | 113.99 | 130.77 | 147.54 | ||
| 7 years | 3.411% | 79.07 | 85.21 | 97.48 | 109.75 | 122.02 | 134.29 | ||
| 5 years | 3.499% | 84.20 | 88.72 | 97.75 | 106.78 | 115.81 | 124.84 | ||
| 4 years | 3.799% | 86.14 | 89.79 | 97.09 | 104.38 | 111.67 | 118.97 | ||
| 3 years | 3.885% | 89.20 | 91.98 | 97.54 | 103.10 | 108.66 | 114.23 | ||
| 2 years | 3.944% | 92.56 | 94.44 | 98.22 | 101.99 | 105.77 | 109.54 | ||
| 1 year | 3.995% | 96.16 | 97.12 | 99.04 | 100.97 | 102.89 | 104.81 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||